450 Paradise Isle Boulevard

Hallandale Beach, FL 33009

$6,650,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Once-in-a-lifetime unique opportunity! Amazing Opportunity to Own this Beautiful Ground Lease in the City of Hallandale. It is a TRUE ISLAND, surrounded by over 2,200 linear feet of waterway on all 3 sides connected to the mainland by bridge... just 1 minute to the Intercoastal waterway. Lot size is 4.28 acres with 7 buildings comprised of #194 apartment units, a recreational center, and #42 Boat slips and docks. Enjoy this NO- Responsibility Investment and watch your equity grow. Purchase this ground...Once-in-a-lifetime unique opportunity! Amazing Opportunity to Own this Beautiful Ground Lease in the City of Hallandale. It is a TRUE ISLAND, surrounded by over 2,200 linear feet of waterway on all 3 sides connected to the mainland by bridge... just 1 minute to the Intercoastal waterway. Lot size is 4.28 acres with 7 buildings comprised of #194 apartment units, a recreational center, and #42 Boat slips and docks. Enjoy this NO- Responsibility Investment and watch your equity grow. Purchase this ground lease for a fraction of what it will be worth when it matures!
  1. Listed by Joe Caprio • Joe Caprio & Co. Real Estate

Property Details for 450 Paradise Isle Boulevard

Waterfront
Yes
LISTING UPDATED: 09/24/2024 11:36 AM

Property Details for 450 Paradise Isle Boulevard

StatusActive
MLS #F10439205
Days on Market224
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial/Industrial / Income/Multi-Family
Year Built1965
Lot Size4.28 AC / 186,436 SF
CountyBroward County

Building

Isle of Paradise

3 StoriesBuilt in 1965

Building Information for 450 Paradise Isle Boulevard

Stories3Residences-Year Built1965Building Size-Lot Size4.28 AC / 186,436 SF

Property Information for 450 Paradise Isle Boulevard

General Information
General Information
  • Information Available: Aerial Photo(S), Copy Of Lease(S)
  • Street Number Numeric: 450
  • Street Number: 450
  • Street Name: Paradise Isle Blvd
  • County Or Parish: Broward County
  • Postal Code: 33009
  • City and Location Text: Hallandale Beach
  • City Postal ID: 33009
Maintenance / Tax Information
  • Tax Amount: $0
  • Tax Year: 2023
Building Information
  • Property Description: LAND LEASE (MULTI FAMILY)
  • Property Type: Commercial/Industrial
  • Subdivision Complex Bldg: Paradise Isle
  • Type of Building: Commercial
  • Type of Property: Income/Multi-Family
  • Year Built Numeric: 1964
  • Year Built Description: Resale
  • MLS Area: 3040
Virtual Tour / Features / Utilities
Interior
  • Ceiling Description: Other Ceiling
Exterior
  • Construction Type: Concrete Block Construction, Stucco Exterior Construction
  • Fire Protection: Other Fire Protection
  • Roof Description: Comp Shingle Roof
  • Construction: Concrete Block Construction, Stucco Exterior Construction
  • Roof: Comp Shingle Roof
Waterfront
  • Water Description: Public Water
Utilities
  • Cooling Description: Central Building A/C
  • Heating Description: Central Building A/C
  • Sewer Description: Public Sanitation
Property / Lot Information
Building Information
  • Unit Count: 1
  • Reimbursable Sq Ft: 0
  • Miscellaneous Information: Handicap Accessible
  • Num Buildings: 7
  • Num Floors: 3
  • Num Meters: 200
  • Num Stories: 3
Community Information
  • Association Fee: $0
  • Assoc Fee Paid Per: None
  • Common Area Maint Amount: $0
  • Common Area Maint Includes: A/C & Heating Maintenance, Inside Insurance, Outside Insurance, Lawn Care, Management Fees
  • Property Management: No
Location Information
  • Area: 3040
  • Directions: Use GPS.
  • Geographic Area: Hollywood East (3010-3050)
  • Location of Property: City Location, Corner Unit, Corner Lot, Near Airport
  • Miles to Expressway: 3
  • Parcel Number Free Text: 514226140070
  • State: FL
Lot Information
  • Approximate Lot Size: 186436
  • Environmental Audit: None
  • Total Acreage: 4
Multi Family Information
Expense Information
  • Expense Amount: $0
  • Other Income Expense: $0
  • Source of Expenses: Owner Provided
Income Information
  • Gross Operating Income: $71,000
  • Gross Scheduled Income: $71,000
  • Net Operating Income: $71,000
  • Vacancy Rate: 0

Property History for 450 Paradise Isle Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 450 Paradise Isle Boulevard

This home is within Broward.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 5
Charter - 6 to 8
Rating
School
Distance
Hallandale Elementary School
PublicPK to 8

Hallandale High School
Public9 to 12

South Broward Montessori Charter School
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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450 Paradise Isle Boulevard is a multi-family home for sale in Hallandale Beach, FL 33009. This property was listed for sale on May 13, 2024 by Joe Caprio & Co. Real Estate, it's currently listed at $6,650,000. This listing's school district is Broward. Nearby schools include Hallandale Elementary School, Hallandale High School and South Broward Montessori Charter School. 450 Paradise Isle Boulevard is a 0-bed, 0-bath, multi-family home built in 1965.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Joe Caprio & Co. Real Estate

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.